Examples of Minimum Performance Level in a sentence
NuVasive shall provide Orders to purchase from Osiris Product in quantities of at least the Minimum Performance Level for the applicable period.
In establishing Performance Levels, the Minimum Performance Level will represent less than desired performance, the Target Performance Level will represent superior, professional performance under existing circumstances rather than ordinary performance, and the Maximum Performance Level will represent distinguished performance expected to be achieved only rarely, e.g., something on the order of two out of ten times.
The Minimum Performance Level is the performance level that the Company must achieve for Participants to receive any Stock Award relating to a given Performance Period.
If the Company achieves less than the Minimum Performance Level during the Performance Period, no Participant shall receive a Stock Award under this Plan relating to that Performance Period.
If the Company achieves the Minimum Performance Level or higher, but less than the Maximum Performance Level, during the Performance Period, the value of a Participant's Stock Award for that Performance Period shall be determined by multiplying the Performance Percentage by the Participant's Target Incentive Percentage and then multiplying the product of that equation by his average Annual Base Salary during that Performance Period.